On the previous trading day, the EcoGraf Limited (OTCMKTS:ECGFF) stock was trading in a range but at the same time, it is important to keep in mind that there was an important development with regards to the company. Before getting into the specific development, it might be a good move to take a closer look at the nature of the company and its business.
Trading Data
On Friday, ECGFF stock ended flat at $0.1730 with more than 22K shares, compared to its average volume of 504 shares. The stock moved within a range of $0.1730 – 0.1730 after opening trade at $0.1730.
About EcoGraf Limited
The company operates a battery anode material business that is meant for producing graphite products of higher purity. These products are then meant for deploying in the lithium-ion battery manufacturing market. It is also important to note that until now the company has invested as much as $30 million in order to build up a pair of development-ready and highly attractive graphite businesses.
EcoGraf Limited: EcoGraf Appoints Highly Experienced Chief Operating Officer
Yesterday EcoGraf came into the news cycle after it announced that it had appointed a new Chief Operating Officer in the form of Dale Harris. Harris is a highly experienced executive and it is going to be interesting to see how he leads the company’s operations going forward. In the press release that was put out by the company on Monday, it was noted that Harris is going to be personally responsible for taking care of the development of the company’s integrated battery graphite business.
The appointment of a Chief Operating Officer is almost always a major news for any company and it is going to be interesting to see if there is any action in the stock today once the market reopens after the long weekend.
In this situation, it may be a good idea for investors to consider taking a look at Harris’ credentials before making their minds up about the appointment. He has experience spanning more than three decades across the mining processing, resources, and engineering sectors. In addition to that, he also boasts of a track record of delivering projects successfully and affecting strong operational performance at the same time. At this point in time, investors could add the stock to their watch lists and watch for further developments.
